AERWINS Technologies To Delist From Nasdaq; Stock Plunges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
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Source: NASDAQ.COM
- AERWINS Delisting from Nasdaq: AERWINS Technologies Inc. will be delisted from the Nasdaq Stock Market LLC and trading in its common shares will be suspended starting June 18, 2024.
- Reason for Delisting: The company received a final delisting notice due to failure to comply with the terms of the Nasdaq Hearings Panel decision.
- Strategic Alternatives Considered: AERWINS intends to explore strategic alternatives such as a possible sale or seeking joint venture partners following the suspension of its common shares on Nasdaq.
- Stock Performance: AWIN's stock closed regular trading at $3.34, down 15.01%, and dropped further by 47.61% in after-hours trading.
- Disclaimer: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
